ArcelorMittal Nippon Steel India Private Limited (AM/NS India), an important base of Nippon Steel Corporation (Nippon Steel), has decided to acquire the following land for a construction site of integrated steel mill in the state of Andhra Pradesh in southern India.
The steel market in India is expected to grow steadily due to economic growth and population growth, and the Government of India has firmly maintained its support policy for demand generation, including policies for infrastructure development and the promotion of manufacturing industries, and has also set an aggressive target for expansion of India’s steel production capacity. AM/NS India is investing in capacity expansion of existing Hazira steel mill in western India, and as a part of its further capacity expansion, it has agreed to acquire land for a construction site of integrated steel mill from the government of Andhra Pradesh in southern India. Through these capacity expansions, AM/NS India will strive to meet the growing demand in the India’s market and securing its market presence.
[Outline of construction site of integrated steel mill]
・Location：Rajayyapeta, Anakapalli district, Andhra Pradesh, southern India
・Size：890 ha (2,200 Acre)
・Completion of land possession：April 2025 (expected)
（Integrated steel mill capacity：7 million tons/year scale in crude steel production considered）
[Overview of AM/NS India]
- Business ：Manufacturing and sales of steel products and pellets through the integrated upstream process
- Head office location：Hazira, Gujarat, India
- Capital ：INR 250.4 billion
- Governance：Both parent companies nominate the same number of directors, and important matters are decided unanimously by the directors.
- Investment structure：Nippon Steel 40.0%、ArcelorMittal 60.0%(consolidated as equity-method affiliate by both Nippon Steel and AM)
- CEO ：Dilip Oommen
- Employees ：9,863 (December 2024)
- Production and sales： Crude steel production 7.54 million tons/year; steel product sales of 7.93 million tons/year in 2024
- Integrated steel mills ：Hazira integrated steel mill（Hazira, Gujarat, western India）
- Downstream：Gandhidham downstream process manufacturing base（Gandhidham, Gujarat, western India）
Pune downstream process manufacturing base（Pune, Maharashtra, western India）
Khopoli downstream process manufacturing base
（Khopoli, Maharashtra, western India） - Raw Material： Paradeep pellet plant（Paradeep, Odisha, eastern India)Vizag pellet plant（Visakhapatnam, Andhra Pradesh, southern India）